TotalEnergies SE (NYSE:TTE) Shares Purchased by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC grew its stake in TotalEnergies SE (NYSE:TTE) by 2.2% during the 3rd quarter, Holdings Channel reports. The fund owned 13,132 shares of the company’s stock after acquiring an additional 287 shares during the period. Hartford Funds Management Co LLC’s holdings in TotalEnergies were worth $849,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TTE. International Assets Investment Management LLC raised its position in shares of TotalEnergies by 6,367.4% in the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after buying an additional 361,923 shares during the period. Generate Investment Management Ltd purchased a new position in shares of TotalEnergies in the 2nd quarter worth about $13,306,000. Mediolanum International Funds Ltd acquired a new position in shares of TotalEnergies in the 3rd quarter valued at about $11,504,000. Allspring Global Investments Holdings LLC grew its holdings in shares of TotalEnergies by 316.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 228,781 shares of the company’s stock worth $14,784,000 after purchasing an additional 173,810 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in TotalEnergies during the 2nd quarter worth approximately $9,176,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Trading Down 0.6 %

NYSE TTE opened at $59.66 on Friday. The company has a market capitalization of $140.88 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.94 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 12 month low of $58.46 and a 12 month high of $74.97. The company’s fifty day moving average price is $64.82 and its two-hundred day moving average price is $67.47.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Scotiabank dropped their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Finally, TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.